Watercolor
Homes for Sale in Santa Rosa Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of October 2026, Watercolor in Santa Rosa Beach, FL has 834 homes for sale and 179 pending, asking from $47,900 to $32,000,000 (median $679,500). Over the 12 months ending 2026-09-20, 90 recorded sales closed at a median of $2,962,500, a median 54 days on market, sellers accepting 94% of original asking (-6% versus the prior year). Homes listed or recently sold were built 1880–2026 with 162 new construction; 85 of the 799 geocoded homes sit in a FEMA special flood hazard zone (median elevation 22 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $28,910 ($28,520 with the full homestead exemption).
| Location | Santa Rosa Beach, Walton County, FL · ZIP 32459, 32461 |
|---|---|
| Homes in the community | 2,738 (FL DOR 2025 assessment roll) |
| Years built | 1910–2024 (median 2009) |
| Typical living area | 2,528 sq ft (median) |
| Home types (current listings and sales) | detached single family 57%, condos 31%, townhouses 7% |
| Amenities listed by sellers | Pool, Short Term Rental - Allowed, Beach, Pets Allowed, TV Cable, Tennis Court(s) |
| Sale prices, last 12 months | $2,962,500 median across 90 closed sales · -5.7% vs the prior 12 months |
| Days on market (closed sales) | 54 median |
| For sale right now | 816 active, 172 pending · median asking $689,500 |
| Owner-occupied (homestead) share | 35% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “WATERCOLOR key facts,” movewithmomentum.com/neighborhoods/zz-emeraldcoast-walton-unassigned, data as of September 20, 2026.
Last 30 days in Watercolor: 189 new listings (median asking $625,000), 179 under contract right now, 6 closed sales (median $478,500). As of October 1, 2026, Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Watercolor
Live MLS inventory for Watercolor. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 212 daysTop listing
Active · 511 days
Active · 117 days
Active · 46 days
Active · 192 days
Active · 61 days
Active · 139 days
Active · 194 days
Active · 68 days
Active · 90 days
Active · 26 days
Active · 382 days
Active · 216 days
Active · 400 daysActive and pending Watercolor listings as of 2026-09-30, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Zz Emeraldcoast Walton Unassigned Right Now (995)
All 995 active and pending Zz Emeraldcoast Walton Unassigned listings with a detail page, newest first, refreshed twice a day from the MLS. Showing the newest 60 of 995; the carousel above and the map carry the rest.
- 11 Beachside Drive #Unit 1212 · $495,000 · 2 bd / 2 ba · listed Sep 30, 2026 · listed by Harmony Beach Realty
- 38 Oaktree Boulevard · $465,000 · 3 bd / 2.5 ba · listed Sep 30, 2026 · listed by Almost Home Realty Group Inc
- 145 E Water Street · $3,595,000 · 4 bd / 4 ba · listed Sep 30, 2026 · listed by Rosemary Beach Realty LLC
- 5232 Tivoli Drive #5232 · $582,500 · 2 bd / 2 ba · listed Sep 30, 2026 · listed by FIV Realty Co Florida LLC
- 74 Maple Street · $150,000 · 2 bd / 2 ba · listed Sep 30, 2026 · listed by LPT Realty LLC
- 4923 E County Hwy 30A #C103 · $949,000 · 4 bd / 3.5 ba · listed Sep 30, 2026 · listed by Real Broker LLC
- 115 Old Oak Road · $1,300,000 · 4 bd / 2.5 ba · listed Sep 30, 2026 · listed by EXP Realty LLC
- 91 Milestone Drive #Unit B · $825,000 · 3 bd / 2.5 ba · listed Sep 30, 2026 · listed by Real Broker LLC
- 51 Dune Comet Lane #Unit B · $849,000 · 3 bd / 2.5 ba · listed Sep 30, 2026 · listed by Real Broker LLC
- 150 Sea Eagle Lane · $625,000 · 5 bd / 3 ba · listed Sep 30, 2026 · listed by LPT Realty LLC
- 3523 Burnt Pine Lane · $3,495,000 · 3 bd / 3.5 ba · listed by Kohls Group LLC
- 2606 Scenic Gulf Drive #Unit 1111 · $498,900 · 3 bd / 2 ba · listed by Counts Real Estate Group Inc
- 3799 E County Highway 30A ## F-13 · $579,900 · 3 bd / 2.5 ba · listed Sep 30, 2026 · listed by EXP Realty LLC
- 266 Splendor Run · $391,815 · 3 bd / 2 ba · pending · listed Sep 30, 2026 · listed by DSLD Homes Florida LLC
- 9100 Baytowne Wharf Boulevard #Unit 562 · $349,000 · 2 bd / 2 ba · listed Sep 29, 2026 · listed by RE/MAX Gulf Coast Realty
- 37 Currumbin Aly · $445,000 · 2 bd / 2 ba · listed Sep 29, 2026 · listed by Christies International Real Estate Emerald Coast
- 34 Herons Watch Way #Unit 3303 · $449,000 · 2 bd / 2 ba · listed Sep 29, 2026 · listed by Century 21 Ryan Realty
- 32 Josephine Street · $149,900 · 3 bd / 1.5 ba · listed Sep 28, 2026 · listed by On The Coast Real Estate Group
- 146 Silver Laurel Way · $4,499,000 · 5 bd / 5.5 ba · listed Sep 28, 2026 · listed by Think Real Estate
- 5002 S Sandestin Boulevard #6131 · $489,900 · 2 bd / 2 ba · listed Sep 28, 2026 · listed by The Agency Northwest Florida Beaches
- 18 Josephene Street · $149,000 · 3 bd / 1.5 ba · listed Sep 27, 2026 · listed by On The Coast Real Estate Group
- 145 Spires Lane #306 · $485,000 · 1 bd / 1.5 ba · listed Sep 27, 2026 · listed by Compass
- 2606 Scenic Gulf Drive #Unit 4411 · $530,000 · 2 bd / 2 ba · listed Sep 27, 2026 · listed by Berkshire Hathaway HomeServices
- 109 Bluejack Street · $5,295,000 · 6 bd / 5.5 ba · listed Sep 27, 2026 · listed by Berkshire Hathaway HomeServices
- 59 Jacqueline Street · $103,000 · 3 bd / 1.5 ba · listed Sep 27, 2026 · listed by On The Coast Real Estate Group
- 780 Shoemaker Drive · $135,000 · 3 bd / 1 ba · listed Sep 27, 2026 · listed by On The Coast Real Estate Group
- 434 N 1St Street · $122,000 · 3 bd / 1 ba · listed Sep 27, 2026 · listed by On The Coast Real Estate Group
- 2076 Scenic Gulf Drive #Unit 3014 · $429,000 · 2 bd / 2 ba · listed Sep 26, 2026 · listed by Brix Realty
- 2800 Scenic Gulf Drive #41 · $539,000 · 2 bd / 2.5 ba · listed Sep 26, 2026 · listed by Equity & Trust Realty Inc
- 454 E Burdick Avenue · $99,000 · 3 bd / 1 ba · listed Sep 25, 2026 · listed by On The Coast Real Estate Group
- 71 Constitution Avenue · $125,000 · 3 bd / 1 ba · listed Sep 25, 2026 · listed by On The Coast Real Estate Group
- 54 Plateau Avenue · $550,000 · 3 bd / 1.5 ba · listed Sep 25, 2026 · listed by Southern Choice Properties Llc
- 57 Cedar Hill Ct. Drive · $239,900 · 3 bd / 2 ba · listed Sep 25, 2026 · listed by Realty West
- 285 Loftin Street · $104,000 · 3 bd / 1 ba · listed Sep 25, 2026 · listed by On The Coast Real Estate Group
- 76 Fredrick Drive · $130,000 · 3 bd / 1 ba · listed Sep 25, 2026 · listed by On The Coast Real Estate Group
- 4923 E County Highway 30A #E104 · $730,000 · 3 bd / 2.5 ba · listed Sep 25, 2026 · listed by Christies International Real Estate Emerald Coast
- 1557 Ingle Road · $3,250,000 · 6 bd / 4 ba · listed Sep 25, 2026 · listed by Coldwell Banker Realty
- 403 S 20Th Street · $183,000 · 4 bd / 2 ba · listed Sep 24, 2026 · listed by Assurance Realty of NWFL LLC
- 3604 E County Highway 30A #Unit B5 · $625,000 · 1 bd / 2 ba · listed Sep 24, 2026 · listed by Douglas Elliman
- 111 Sand Dunes Road · $1,950,000 · 5 bd / 5 ba · listed Sep 24, 2026 · listed by Scenic Sotheby's International Realty
- 166 N Driftwood Bay #Unit 36C · $399,000 · 2 bd / 2 ba · listed Sep 24, 2026 · listed by RE/MAX Coastal Properties
- 286 Larkspur East Avenue · $280,000 · 3 bd / 2 ba · listed Sep 24, 2026 · listed by Waves of the Emerald Coast Realty LLC
- 60 Sandprints Drive #C1 · $334,000 · 1 bd / 1 ba · listed Sep 24, 2026 · listed by EXP Realty LLC
- 60 Sea Turtle Drive · $7,995,000 · 4 bd / 4 ba · listed Sep 24, 2026 · listed by Inlet Beach Real Estate
- 29 Fredrick Drive · $125,000 · 3 bd / 1 ba · listed Sep 24, 2026 · listed by On The Coast Real Estate Group
- 24 Nikki Circle · $313,000 · 2 bd / 1 ba · listed Sep 24, 2026 · listed by Keller Williams Success Realty
- 30 E Staver Lane #Lot 14 · $789,879 · 3 bd / 3 ba · listed Sep 24, 2026 · listed by EXP Realty LLC
- 35 E Staver Lane #Lot 30 · $779,306 · 5 bd / 3.5 ba · listed Sep 24, 2026 · listed by EXP Realty LLC
- 456 Us-331 · $135,000 · 3 bd / 1 ba · listed Sep 24, 2026 · listed by On The Coast Real Estate Group
- 126 S Walton Lakeshore Drive ## 105 · $539,000 · 1 ba · pending · listed Sep 24, 2026 · listed by The Beach Group Properties LLC
- 874 Cocobolo Drive · $549,000 · 4 bd / 2 ba · listed Sep 23, 2026 · listed by Keller Williams Realty SRB
- 285 Payne Street #Unit 4B · $359,000 · 2 bd / 2 ba · listed Sep 23, 2026 · listed by The Premier Property Group
- 196 S Wall Street · $5,285,000 · 6 bd / 7.5 ba · listed Sep 23, 2026 · listed by Berkshire Hathaway HomeServices
- 672 Squirrel Road · $410,000 · 3 bd / 2 ba · listed Sep 23, 2026 · listed by Realty ONE Group Emerald Coast
- 161 Caswell Branch Road · $190,999 · 1 bd / 1 ba · listed Sep 23, 2026 · listed by Mckenzie Claire Real Estate Group LLC
- 108 Loblolly Bay Drive · $450,000 · 3 bd / 2 ba · listed Sep 22, 2026 · listed by World Impact Real Estate
- 114 Mainsail Drive #Unit 322 · $699,000 · 3 bd / 3 ba · listed Sep 22, 2026 · listed by Berkshire Hathaway Home Services PenFed Realty
- 75 Hog Penny Aly · $9,300,000 · 7 bd / 6 ba · listed Sep 22, 2026 · listed by The Agency Northwest Florida Beaches
- 33 Rue Du Soleil · $2,950,000 · 5 bd / 4.5 ba · listed Sep 22, 2026 · listed by 30A Local Real Estate
- 200 Sandestin Lane #906 · $269,000 · 2 bd / 2 ba · listed Sep 22, 2026 · listed by homecoin.com
Price in WATERCOLOR is driven by location and product, not by any amenity package pulled from current listings. The median sits at $3,000,000, and that figure reflects proximity to the water and the design and condition of the homes far more than any single feature. Expect a wide spread beneath and above that number, sorted largely by how close a property sits to the beach and how finished it is.
The current posture is a cooling one. Prices are down 10.4% year over year, and median days on market runs to 55 — homes are sitting, not flying. With a market heat score of 45, this is a buyer who can take time and negotiate, and a seller who needs realistic pricing and patience rather than a listing that assumes the last cycle's momentum.
Watercolor right now
🟡 Off the recent peak. The trailing-12-month median ($2.96M) is down 5.7% from the prior 12 months ($3.14M) and up 204% since 2012.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Very High (90 and 52 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 1, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Watercolor market snapshot (as of September 20, 2026): the median sale price is about $2.96M, and a median 55 days on market for closed sales. The trailing-12-month median is down 6% from the prior 12 months and up 204% since 2012, computed from record-level Emerald Coast MLS closed sales (90 closings in the current window).
In ZIP 32459 (Santa Rosa Beach), 967 homes closed in the last 12 months at a median of $960K, up 2.0% year over year, with a median 82 days on market. Right now 496 active and 94 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 32459 housing market and the Walton County market.
County records show 312 qualified sales in WATERCOLOR across 2024–2025 (184 in 2024, 128 in 2025), median $980,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Watercolor is a community of 2,738 homes in Santa Rosa Beach, Walton County, built between 1910 and 2024 (median 2009), with a median living area of about 2,528 square feet. 35% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
WATERCOLOR is a coastal luxury market in Santa Rosa Beach where the price sorts by proximity to the water and the quality of the home, not by a standardized amenity set. The story right now is a softening one, with values off from a year ago and homes taking meaningful time to sell.
The setting & the homes.
Aerial and on-site photos of Watercolor. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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WatercolorPhotos from Emerald Coast MLS listings in Watercolor; content deemed reliable but not guaranteed.
Who Watercolor is best for.
Best for
- Cash-strong buyers at the seven-figure level who want to use today's leverage
- Second-home or coastal buyers who value location and finish over amenities
- Patient buyers willing to wait for the right property in a slow-moving market
Probably not for
- Anyone needing a quick resale or a short holding period
- Buyers counting on near-term appreciation to justify the purchase
- Value shoppers looking for an entry-level coastal price point
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($2.96M) IS the median in the snapshot above, and the move from 2025 ($3.14M) IS the -5.7% one-year change.
Windows contain 18 to 109 sales each (90 in the current window); every figure carries its sample size. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
18% of homes for sale in Watercolor are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-01).
Watercolor Market Scorecard
Watercolor is currently a balanced market., a median asking price of $689,500, and homes go under contract in about 93 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in WATERCOLOR, Santa Rosa Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Watercolor on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Van R Butler · Elementary
- Emerald Coast · Middle
- South Walton · High
Zoned schools reflect the assignments reported on recent Watercolor listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Watercolor address.
The Watercolor buying strategy.
If we were buying in Watercolor today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Watercolor.
A luxury market resetting
The long arc here is strong: values are up 206% since 2012. But the recent trend cuts the other way, with a 10.4% decline over the past year. That combination — a big multi-year run followed by a pullback — is what a buyer should weigh, because it means today's median of $3,000,000 is being tested rather than confirmed.
Inventory reinforces the buyer's leverage. With 2,599 active listings against just 89 closings in the window, there is far more for sale than is currently clearing. That imbalance, paired with a 55-day median time on market, gives serious buyers room to be selective and disciplined on price.
The location and the amenities are priced into every listing in Watercolor. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Watercolor buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.1). Basis: Long-Term Appreciation +204% since 2012; Recent Direction -5.7% year-over-year; Owner Commitment 35% owner-occupied; Pricing Power 94.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this thin on closings and this deep on inventory, pricing and negotiation are everything. We read the actual comps behind the median, tell a seller what will move and what will sit, and help a buyer use the current leverage without overpaying for condition or location they are not actually getting.
Watercolor in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Watercolor buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Watercolor sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Watercolor, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Watercolor home worth?
Get a no-obligation home value based on real comparable sales in Watercolor, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Santa Rosa Beach →
Recently off market in WATERCOLOR
Homes in WATERCOLOR that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 220 on record.
- 10 Celeste Court #Lot 69 · off market
- 10254 E County Hwy 30A #431 · off market
- 105 White Street · off market
- 106 Red Eye Road · off market
- 107 E Georgie Street · off market
- 10785 E Co Highway 30A Street · off market
- 108 Neeley Avenue · off market
- 1096 Scenic Gulf Drive #Unit 1206 · off market
Frequently Asked Questions
What is the median home price in Watercolor?
How long do homes in Watercolor take to sell?
How many homes are in Watercolor?
What share of Watercolor is owner-occupied?
When were the homes in Watercolor built?
Have Watercolor home prices gone up?
Who is the best real estate agent for Watercolor?
How do I find a top Santa Rosa Beach real estate agent who knows Watercolor?
Can Momentum Realty connect me with an agent for Watercolor?
Where is Watercolor, and what county is it in?
Is Watercolor a good place to live?
Should you buy in Watercolor?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: September 30, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (68 streets, ZIP 32459/32461)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2003 (844 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how WATERCOLOR fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Watercolor with Momentum Realty’s local guides.